$AUCTION Bounce or Dead Cat? Price Action Near Key Support
Current Price: $13.42 with decrease (-5.96%)
Timeframe: 15m
Quick Breakdown:
Price dropped ~$1.50 from the high.
Strong bounce off $13.12 signals local support.
StochRSI recovering from oversold.
Momentum still forming, MA StochRSI low.
Slightly bearish sentiment (48.5% buyers, 51.5% sellers).
Key Levels to Watch:
Support: $13.12
Resistance: $13.70 – $13.95
Breakout Level: $14.10+
Danger Zone: Rejection around $13.60 may push below $13.20
Trade Consideration: Watch for volume and price action around $13.60. A flip to support could signal a short-term reversal toward $14.50. Be cautious of a relief pop in a downtrend.
